RE:RE:RE:RE:Eric Sprott Announces Holdings in Stroud Resources Ltd.Yes, but if he truly doese not know what the daily results of the drilling are (and I have my doubts), why would he not have excercised the warrants at $0.60, it would have given him a tidy boost to his Stroud portfolio.
It woud have been a vote of confidence in the company going forward, forget the fact that it would put another $2,250,000.00 in Strouds kitty.
But as it is, the fact that he did not, even when the excercise price was .15 cents lower the market, that to me says this that he beleives that this stock is not what he thought it could be.
Also, keep in mind that the stock price hase been inching ever downward due to the summer dulldrums and from a lack of any drilling information. Any good news when it finally comes, will drive this much higher. I suppose that 51% of Stroud is just as good as 54%, but the extra money would have gone a long way.
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